Project detail - AMERIABANK CJSC

AMERIABANK CJSC

Status: Completed investment
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Disclaimer

The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.

Who is our customer

Ameriabank is a privately-owned bank in Armenia offering a wide range of financial and advisory services with a focus on the corporate and Small and Medium-sized Enterprises (SME) segments and a leading position in renewable energy. The bank has around 900 employees and USD 1.6bn in assets and banking activities across the country. Ameriabank is an existing FMO client since 2009.

What is our funding objective?

- Up to 100% of the loan will be used to finance "green" projects of Ameriabank which are in compliance with FMO's Green Master List. - Up to a maximum of USD 5 million will be used to finance eligible Youth customers of Ameriabank in line with FMO"s eligibility criteria, supporting our impact goal of reducing inequalities.

Why do we fund this investment?

The transaction meets FMO's impact goals through on-lending criteria that comply with FMO's green and reducing inequalities eligibility criteria.

What is the Environmental and Social categorization rationale?

Ameriabank has been categorized as Category B in accordance with FMO’s Sustainability Policy. The Client’s borrower’s activities are deemed to have potential limited adverse environmental and social risks and/or impacts. As part of the deal, Ameriabank will be required to apply the EDFI Exclusion List, Armenian E&S laws and regulations and the IFC Performance Standards Framework for the identified Triggered Transactions.

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Website customer/investment
http://www.ameriabank.am
Region
Europe & Central Asia
Country
Armenia
Sector
Financial Institutions
Publication date
7/23/2019
Effective date
9/10/2019
End date
12/6/2022
Total FMO financing
USD 20.00 MLN
Funding
FMO NV
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)
B